Note 5 - Goodwill and Intangible Assets, Net

3 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Text Block]

Note 5. Goodwill and Intangible Assets, Net

Intangible assets other than goodwill consisted of the following:

	*June 30, 2025*							*March 31, 2025*
	*Gross Carrying Amount*		*Accumulated Amortization*			*Net Carrying Amount*		*Gross Carrying Amount*		*Accumulated Amortization*			*Net Carrying Amount*
Customer relationships	$	197,565	$	(124,041	)	$	73,524	$	190,069	$	(117,189	)	$	72,880
Other intangibles		62,849		(38,972	)		23,877		61,192		(37,197	)		23,995
Total intangible assets	$	260,414	$	(163,013	)	$	97,401	$	251,261	$	(154,386	)	$	96,875

Amortization expense for intangible assets was as follows:

	*Three Months Ended June 30,*
	*2025*		*2024*
Amortization in cost of revenues	$	702	$	647
Amortization in general and administrative		3,851		3,414
Total	$	4,553	$	4,061

For the following fiscal years ending March 31, future amortization expense is estimated as follows, based on foreign currency exchange rates as of June 30, 2025:

Fiscal Year	Amortization Expense
Remainder of 2026	$	13,338
2027		17,261
2028		16,620
2029		16,047
2030		11,360

The change in the carrying amount of goodwill was as follows:

	*Sterilization and Disinfection Control*		*Biopharmaceutical Development*		*Calibration Solutions*		*Clinical Genomics*		*Total*
March 31, 2025	$	79,408	$	48,211	$	37,213	$	16,928	$	181,760
Effect of foreign currency translation		4,450		1,632		73		135		6,290
June 30, 2025	$	83,858	$	49,843	$	37,286	$	17,063	$	188,050

MESA LABORATORIES INC /CO/ 10-Q